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Uchumi HY 2015 results - firmly in loss territory
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Othelo
#81 Posted : Friday, October 23, 2015 11:26:21 AM
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dunkang wrote:
Pesa Nane wrote:


Am I allowed to guess that a competitor will purchase the properties and later exploit some loopholes in the buyback contract to kick uchumi out?

Thought the same. Like, what if Naivas or Tuskys buys the property, they can't let out to a competitor, au sivyo?

I think the purpose of that "Buy and Lease Back" statement is just to assure the bidders that there is a ready tenant.

Basically from Landlord to Tenant, and Tenant wants to control Landlord smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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gmg
#82 Posted : Friday, October 23, 2015 11:48:34 AM
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nonof those supermarkets can afford to pay ksh 2billion. All supermarketsin Kenya ziko na shida wa wizi by staff. jaribu kusupply Tuskys uone what you will go through
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muganda
#83 Posted : Tuesday, November 17, 2015 11:01:24 AM
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Stabilise, Optimise then Grow
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mlennyma
#84 Posted : Tuesday, November 17, 2015 11:20:17 AM
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gmg wrote:
nonof those supermarkets can afford to pay ksh 2billion. All supermarketsin Kenya ziko na shida wa wizi by staff. jaribu kusupply Tuskys uone what you will go through

where i live every small shop uses nakumatt and other supermarkets polythene papers
"Don't let the fear of losing be greater than the excitement of winning."
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instinct
#85 Posted : Tuesday, November 17, 2015 12:01:22 PM
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Tuskys set to open 75 shops at Shell stations

http://www.businessdaily.../-/3fkox2z/-/index.html

Isnt there a conflict of interest though considering the owners of Vivo Energy also have a major stake in Uchumi and seat on both boards?
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Ericsson
#86 Posted : Tuesday, November 17, 2015 12:20:36 PM
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@instinct;
Which owners of Vivo energy have a stake in Uchumi.
Tuskys the shell shop at Haille Selassie Avenue next to government printer is closed and that was their flagship.

75 shops is too many
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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instinct
#87 Posted : Tuesday, November 17, 2015 2:31:48 PM
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Ericsson wrote:
@instinct;
Which owners of Vivo energy have a stake in Uchumi.
Tuskys the shell shop at Haille Selassie Avenue next to government printer is closed and that was their flagship.

75 shops is too many


Chris Kirubi. His son Polycarp Igathe seats on both boards...
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Othelo
#88 Posted : Tuesday, November 17, 2015 2:41:05 PM
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instinct wrote:
Ericsson wrote:
@instinct;
Which owners of Vivo energy have a stake in Uchumi.
Tuskys the shell shop at Haille Selassie Avenue next to government printer is closed and that was their flagship.

75 shops is too many


Chris Kirubi. His son Polycarp Igathe seats on both boards...

After doing in South Africans huko HACO, guy moved to Vivo, isorite smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Ericsson
#89 Posted : Tuesday, November 17, 2015 2:58:09 PM
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@instinct;
Stake and name of the vehicle that owns shares in Uchumi.
Polycarp is there as a representative of Kenya Association of Manufacturers who are major suppliers to Uchumi
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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UpcomingPaperChaser
#90 Posted : Tuesday, November 17, 2015 4:01:28 PM
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Uchumi closed its all branches in Dar Es Salaam.......i guess tough times ahead
Enjoy every moment of your life, you never know when your time will come.
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instinct
#91 Posted : Tuesday, November 17, 2015 4:23:03 PM
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Ericsson wrote:
@instinct;
Stake and name of the vehicle that owns shares in Uchumi.
Polycarp is there as a representative of Kenya Association of Manufacturers who are major suppliers to Uchumi


i think you're right. Kirubi used to own a lot pre-receivership
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